Brokerages Set Carnival Co. & plc (NYSE:CCL) Price Target at $22.63

Carnival Co. & plc (NYSE:CCL) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.84.

Several brokerages have recently weighed in on CCL. Morgan Stanley boosted their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Argus raised their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Mizuho increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Truist Financial upped their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd.

Carnival Co. & Price Performance

NYSE:CCL opened at $17.71 on Monday. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The stock has a 50 day moving average price of $16.56 and a 200 day moving average price of $16.27. Carnival Co. & has a one year low of $10.84 and a one year high of $19.74. The stock has a market cap of $19.88 billion, a PE ratio of 27.25 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities research analysts expect that Carnival Co. & will post 1.21 EPS for the current fiscal year.

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE lifted its position in shares of Carnival Co. & by 8.0% in the fourth quarter. US Bancorp DE now owns 37,750 shares of the company’s stock worth $700,000 after purchasing an additional 2,804 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Carnival Co. & by 53.3% during the 4th quarter. Advisory Services Network LLC now owns 15,628 shares of the company’s stock worth $290,000 after acquiring an additional 5,432 shares during the period. TD Asset Management Inc boosted its holdings in shares of Carnival Co. & by 39.7% in the 4th quarter. TD Asset Management Inc now owns 359,023 shares of the company’s stock valued at $6,656,000 after purchasing an additional 102,006 shares in the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of Carnival Co. & in the fourth quarter worth about $353,000. Finally, Tradition Wealth Management LLC boosted its position in Carnival Co. & by 617.2% in the fourth quarter. Tradition Wealth Management LLC now owns 2,331 shares of the company’s stock valued at $43,000 after buying an additional 2,006 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.